The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-12-21
A RAILROAD ALLIANCE.
THE CENTRAL AND PLANT LINES
TO WORK IN HARMONY.

Each viii Support the Other Recipro-
cally, Either on the Defensive or Of
fensive-The Plant System to Give
tho Ocean Steamship Company Big
Share of Florida Freights.
New York, Dec 2O.-The following are
the latest and most important moves on the
railroad chess-board: John II. Inman, a
committee OF one, representing the Georgia
Company, has just perfected contract
with II. B. Plant, President and autocrat of
the entire Plant system of railroads, by
which the closest possible alliance is
formed between the Georgia Central
railroad and the Plant system. The
contract is absolutely reciprocal in its CO.
operative provisions with reference to all
traffic and establishes these two vast sys-
TENS of Southern railroads in perfect har-
mony OF interest and policy. The alliance vir.
tually consolidates two of the greatest rail-
road properties of the South, and the combi-
nation Is well calculated to battle rivalry and
squelch all opposition. It will most likely
prove strong obstacle in the way of any
new railroad enterprise that either is now,
or may hereafter be projected into the ter
ritory Of the allied systems.
AND
The contract is made with the idea Of
mutual benefit, and inthe spirit of mutual
protection, offensive and defensive One of
the most especial benefits accruing to the
Georgia Central under the arrangement is
the guarantee to its Ocean Steamship Com.
pany OF all Florida freights which the Plant
system can furnish at Savannah.
There is vast deal of this business, It is
claimed. This is the first important action
,zFaf faH he lAaa,-..sa,
exercising It's tight, through ownership, of
controlling interest in the Georgia Central.
The only other step it has taken is to have
determined yesterday who shall compose
the Central railroad directors next year.
There will only be three changes in the
present board. The new trio will be Sam
uel M. Inman and Hugh T. Inman, of At
lanta Ga, and Walther Luttgen, Of Au-
gust Belmont a. Co.
RICHMOND TERMINAL
The Richmond and West Point Terminal
directors met this afternoon, and on the an
nounced declination of Messrs Flower.
Wilson and Rockefeller TO accept their re-
cent election in Richmond to membership
OF the board, their places were promptly and
satisfactorily filled by the election OF James
Swami, of lnman, Swami & Co.; j. o.
Moss, of the Cotton Oil Trust Company,
and Edward Lauterbacb. The other busi-
The Richmond and Danville railroad will
hold its annual election at Richmond, Va,
tomorrow for President and directors.
George S. Scott will be unanimously chosen
President, and the following gentlemen
made directors: John H. Inman, Calvin s.
Brice, Samuel Thomas, H. c. Fahnestock.
John G. Moore, G. NJ. McGee, Emanuel
Lehman, John Rutherford, George Stone,
j. G. Maben, Hon. John s. Barbour, Of
Virginia, and Samuel M. Inman, of At
lanta. This list comprises six new names,
who were elected to succeed Alfred Sully,
T. M. Logan, j. l.. Rice of New York, and
Messrs. Pace, Dooly, and Christian, of
Richmond, Va.
HAS BEEN PRESIDENT BEFORE
Mr.. Scott was President of the Richmond
and Danvile once before several years ago.
and is therefore well acquainted with the
property, and it is generally thought that
he will administer its affairs with Judgment
and ability. He Is a gentleman of large
fortune, and better still Of excellent reputa-
ton. kI1is election promises unqualified
satisfaction to all concerned.
The new Board of Directors have pledged
themselves in this substantial way to sup
port and take care of the property They
promise and agree that if during their term
of office the Richmond and Danville Com
pany should need any money in the conduct
of its affairs, that they will, among them
selves, lend the company Sl,000,000 out OF
their own pockets.
This plan makes financial stringency out
of the question with the Richmond and
Danville for at least twelve months to come.
and guarantee the company under any and
all circumstances against the necessity of
being a street borrower of money. It is
also regarded as a very advantageous ar
rangement for the Terminal Company, in
that it makes ample financial provisions for
its main line